Rivian: Thank You, Department Of Energy!
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Rivian is expanding its production capabilities with a Department of Energy loan for a new plant in Georgia, targeting 615,000 annual production by 2030. The company is focusing on achieving positive gross margins in Q4 and plans to ramp up R2 production by 2026, aiming for profitability by 2027.
February 09, 2025 | 3:15 pm
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Rivian is set to expand its production with a DOE loan for a new plant in Georgia, aiming for 615,000 annual production by 2030. The company is focusing on achieving positive gross margins in Q4 and plans to ramp up R2 production by 2026, aiming for profitability by 2027.
The DOE loan supports Rivian's expansion plans, which is positive for future production capacity. Achieving positive gross margins in Q4 could improve investor sentiment, and the focus on R2 ramp-up and profitability by 2027 indicates a strategic long-term growth plan.
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